Decentralization is a cornerstone of cryptocurrencies. But many users are not comfortable with their assets being visible to the public. Moreover, the most widely used L1 and DEX protocols do not provide network members with anonymity by default, which is something that today’s users value highly and which we believe is a key component of true decentralization.
Many cryptocurrency users are aware that keeping assets on centralized exchanges (CEX) is risky. Not only are they vulnerable to hacks and attacks, but users do not have control over their wallet’s private keys. The CEX is merely a trading and transfer platform.
Influencers and Crypto VCs, for example, may frequently promote a project they’ve invested in on their social media networks. Curious people can utilize a block explorer to quickly find high-value wallets with holdings that are quite similar to what the individual advocates. This can be so damaging that it can impact markets. Many high-net-worth users, such as corporations, venture capital firms, and stock exchanges, but also individuals, see transparency as a liability.
This is where the CIA Protocol comes into play. CIA Protocol is a DeFi-privacy movement, which aims to solve many of the privacy-related issues.
It’s a well-known fact that the CIA (Central Intelligence Agency) is always significantly involved in every globally-impacting technical innovation, from the advent of the internet to the advancement of AI. Inspired by recent thought-provoking media revelations concerning the CIA’s industrial engagement, the $CIA is the first DeFi-privacy campaign to enter Crypto.
With DeFi functionality, $CIA is more than just a privacy token. They’re launching a brand-new movement. The Agency, which is the name of the community, will be the first movement of its sort, raising awareness of the truest, most maximum principles of decentralization with user privacy at the forefront of that message, by integrating the established privacy-centric usefulness and ideals.
CIA Protocol’s Principles
The core principles of the CIA Protocol are community, true decentralization, and privacy. $CIA holders are called Agents, and they own the network, in its true self.
The team believes that true decentralization is characterized by the absence of a central authority, peer-to-peer governance, and unrestricted freedom to privacy. Users shouldn’t have to answer to anyone in a permissionless financial system. Users are in charge of their own destiny. Privacy in the blockchain should be open to everyone, not just businesses. Private trade and transactions, they feel, should be a feature available to everyone on every high-value L1 network in DeFi.
After reviewing existing market protocols, it’s evident that a flexible, user-friendly solution for private trading is desperately needed.
Tokenomics of $CIA
The movement’s native ERC-20 coin is the $CIA. It was first listed on Uniswap on December 11, 2021, with a market cap of $50,000. Additionally, $CIA is only on Ethereum.
A 10% tax is applied to both reward holders and produces an income stream for continued growth. 3% of the tax is returned to holders, while the remaining 7% is converted to ETH and transferred to the marketing wallet.
The marketing wallet will primarily be utilized as a marketing fund, with buybacks and CEX listings also on the horizon. The revenue generated by the various chains will be used for a variety of developmental reasons, including, protocol upgrades, team expansion, etc.
Conspiracy – The CIA Protocol’s DEX
Conspiracy aspires to be THE private trading platform for all of the major L1 blockchain networks. CIA Protocol intends to establish a private AMM by integrating the Automated Market Maker algorithm developed by Uniswap Labs with zk-SNARK technology. This will strengthen the confidentiality of a participant’s trading behavior, wealth, and origins.
In addition to offering private trading, Conspiracy will let projects or people inject liquidity to their pair, giving its holders the ultimate private trading choice. Users will not have to learn anything new when using Conspiracy because it supports the dominant L1s with EVMs including Ethereum, BSC, Polygon, Avalanche, Fantom, Moonriver, and others.
Roadmap
The CIA Protocol team has a clear roadmap defined for itself. The team plans to deploy to the ETH main net in Q1-Q2 of 2022. After the deployment, the CIA plans to integrate other chains as well.
$CIA’s future is full of action and deliveries to The Agency, their beloved community.
$CIA’s contract address is 0x52f4d5ee6c91e01be67ca1f64b11ed0ee370817d
To know more about CIA Protocol, visit their website, Twitter, or join their Telegram. You may also read their whitepaper.
DISCLAIMER: THIS IS A SPONSORED POST.